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Technology Stocks : The New Qualcomm - a S&P500 company -- Ignore unavailable to you. Want to Upgrade?

To: JohnG who wrote (13347)	6/27/2000 12:29:00 PM
From: JohnG	Read Replies (2) \| Respond to of 13582

6/26/00 - Brazil: Battle to win contracts to PCS services Alcatel, Siemens, Nokia, Ericsson, Lucent, Motorola, and Nortel are already negotiating with the future C band cellular operators to begin to sell the GSM cellular phones in Brazil. The PCS (PersonalCommunications System) cellular service exploitation grants will be auctioned in the end of the year, and will adopt the GSM system, with frequency of 1.8Ghz. Siemens already signed contract with prospect bidders, to furnish the telephones. The company will invest US$50mil in Brazil, to create two new industrial lines. Only in the Curitiba's plant, US$10mil will be invested. The other US$40mil will be invested in the Manaus's plant, that already produces analogical equipment. Alcatel also may invest US$50mil to produce the GSM telephone in Brazil.